JOW CONCEPT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
JOW CONCEPT
Largest movements
- Intangible fixed assets -€5,000
down €5,000 (-12.5%), from €40,000 to €35,000
- Deferred charges and accrued income +€1,156
new in 2025: €1,156
- Stocks and contracts -€1,106
down €1,106 (-36.6%), from €3,020 to €1,914
- Cash +€596
up €596 (+10.8%), from €5,496 to €6,092
mainly Depreciation (+€5,454) and Stocks and contracts (+€1,106)
- Other debts -€3,387
down €3,387 (-6.7%), from €50,818 to €47,431
- Profit (loss) carried forward -€2,078
down €2,078 (-32.7%), from -€6,351 to -€8,428
- Trade debts +€801
up €801 (+61.1%), from €1,312 to €2,114
- Gross operating margin +€2,013
up €2,013 (+86.4%), from €2,330 to €4,343
- Other operating charges +€658
up €658 (+498.7%), from €132 to €790
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,532 | €44,725 | -€4,807 | -9.7% |
| Fixed assets | 21/28 | €41,017 | €35,563 | -€5,454 | -13.3% |
| Intangible fixed assets | 21 | €40,000 | €35,000 | -€5,000 | -12.5% |
| Tangible fixed assets | 22/27 | €1,017 | €563 | -€454 | -44.7% |
| Furniture and vehicles | 24 | €1,017 | €563 | -€454 | -44.7% |
| Current assets | 29/58 | €8,516 | €9,162 | +€647 | +7.6% |
| Stocks and contracts in progress | 3 | €3,020 | €1,914 | -€1,106 | -36.6% |
| Stocks | 30/36 | €3,020 | €1,914 | -€1,106 | -36.6% |
| Cash at bank and in hand | 54/58 | €5,496 | €6,092 | +€596 | +10.8% |
| Deferred charges and accrued income | 490/1 | - | €1,156 | +€1,156 | |
| Total equity and liabilities | 10/49 | €49,532 | €44,725 | -€4,807 | -9.7% |
| Equity | 10/15 | -€3,851 | -€5,928 | -€2,078 | -54.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,351 | -€8,428 | -€2,078 | -32.7% |
| Amounts payable | 17/49 | €53,383 | €50,653 | -€2,730 | -5.1% |
| Amounts payable within one year | 42/48 | €53,383 | €50,653 | -€2,730 | -5.1% |
| Trade debts | 44 | €1,312 | €2,114 | +€801 | +61.1% |
| Suppliers | 440/4 | €1,312 | €2,114 | +€801 | +61.1% |
| Taxes, remuneration and social security | 45 | €1,253 | €1,109 | -€144 | -11.5% |
| Taxes | 450/3 | €1,253 | €1,109 | -€144 | -11.5% |
| Other amounts payable | 47/48 | €50,818 | €47,431 | -€3,387 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,454 | €5,454 | = | 0.0% |
| Other operating charges | 640/8 | €132 | €790 | +€658 | +498.7% |
| Gross operating margin | 9900 | €2,330 | €4,343 | +€2,013 | +86.4% |
| Operating profit (loss) | 9901 | -€3,256 | -€1,901 | +€1,355 | +41.6% |
| Financial charges | 65/66B | €164 | €176 | +€12 | +7.2% |
| Recurring financial charges | 65 | €164 | €176 | +€12 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,421 | -€2,078 | +€1,343 | +39.3% |
| Profit (loss) for the period | 9904 | -€3,421 | -€2,078 | +€1,343 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,421 | -€2,078 | +€1,343 | +39.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.